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Social Ai Platform Chai Announces Strategic Investment From Coreweave At $450M Valuation Cap

Sep 24, 2023•about 2 years ago
HoustonConsulting

Investors

Core Weave

Description

Earlier this month AI platform Chai announced a partnership with specialized GPU provider CoreWeave, investing $8 million in GPU compute capped at a $450 million valuation. The investment follows several months on from Chai's pre-seed round, in which it raised $2 million to further the company's mission of creating a more open and democratic AI platform.

Company Information

Company

Chai

Location

Houston, Texas, United States

About

Chai uses AI to amplify human potential, delivering intelligent solutions that simplify complexity, drive outcomes, and empower businesses to focus on what truly matters—creativity, innovation, and growth. Together, we transform the way work gets done.

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers